Credit Card Debt Management

Make Your Credit Cards Work For You

We’ve heard about balance transfer fees, application fees, late payment fees and overdraft fees. But what about when credit cards pay you for your business? We’re not talking about your garden variety rewards points or cash back for purchases, but serious bonuses merely for signing up! Could a credit card company be so generous? You better believe it, and here’s a list of the ones who are:

Bank of America World MasterCard with World Points, Bank of America Visa Signature with WorldPoints Rewards and Bank of America Rewards American Express Card all offer new customers a $50 statement credit. To qualify, the new account must be used within 45 days to make any purchase, balance transfer or cash advance of at least $25 before transaction fees.

The American Express Preferred Rewards Gold Cardoffers new customers 10,000 Membership Rewards Bonus Points after their first purchase with the new card. The points are redeemable for a $100 gift card.

One, from American Express, offers new customers $50 to “jump-start their savings.”

The Nest, from American Express, offers new customers a “nest-warming” gift of 5,000 Membership Points, redeemable for a $50 gift card.

Chase Freedom Signature Visa offers new customers $50 after their first purchase with the card.

Chase Freedom MasterCard offers new customers $50 after their first purchase with the card.

These are all good options for a great start to your life as a credit card holder, and they’re a great way to make your credit cards work for you!

 Source: Master Your Card blog

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